Monday, May 16, 2011

Digistar 2Q net profit surges to RM4.57m

KUALA LUMPUR: Digistar Corp Bhd's earnings surged to RM4.57 million in its second quarter ended March 31, 2011 from only RM457,000 a year ago underpinned by better profit margins from its system integration and broadcast engineering projects.

It said on Monday, May 16 that revenue jumped 91.5% to RM23.57 million from RM12.31 million a year ago while earnings per share were 2.31 sen compared with 0.26 sen.

'The group registered profit before taxation of RM6.12 million for the second quarter ended March 31, 2011 as compared to RM650,000 in the preceding year corresponding quarter,' it said.

Digistar attributed the increase in revenue and profit before taxation in current quarter mainly due to the increase in delivery and certification of work done in system integration and broadcast engineering projects with better profit margin.

For the first half, the group registered a revenue and profit before taxation of RM51.13 million and RM12.30 million as compared to revenue and profit before tax of RM29.77 million and RM1.36 million in the previous corresponding period.

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